267,566 Shares in Newell Brands Inc. (NASDAQ:NWL) Purchased by Maverick Capital Ltd.

Maverick Capital Ltd. acquired a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 267,566 shares of the company's stock, valued at approximately $2,055,000. Maverick Capital Ltd. owned 0.06% of Newell Brands at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Newell Brands by 4.4% during the third quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company's stock worth $15,050,000 after acquiring an additional 82,337 shares in the last quarter. Versor Investments LP raised its stake in Newell Brands by 135.6% in the third quarter. Versor Investments LP now owns 98,700 shares of the company's stock valued at $758,000 after purchasing an additional 56,800 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Newell Brands by 7.7% in the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company's stock valued at $9,476,000 after purchasing an additional 88,164 shares in the last quarter. Primecap Management Co. CA grew its holdings in shares of Newell Brands by 4.8% during the 3rd quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company's stock valued at $113,073,000 after purchasing an additional 674,015 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Newell Brands by 29.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company's stock worth $75,753,000 after purchasing an additional 2,668,384 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Canaccord Genuity Group lifted their price objective on Newell Brands from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. JPMorgan Chase & Co. reduced their price objective on shares of Newell Brands from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Friday, October 11th. Wells Fargo & Company upped their price objective on Newell Brands from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Citigroup downgraded shares of Newell Brands from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 13th. Finally, Barclays upgraded shares of Newell Brands from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $8.00 to $10.00 in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $9.10.

Newell Brands Stock Up 1.0 %

NASDAQ:NWL traded up $0.10 during mid-day trading on Friday, hitting $9.59. 2,440,266 shares of the company's stock were exchanged, compared to its average volume of 4,820,898. Newell Brands Inc. has a one year low of $5.39 and a one year high of $9.72. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The company has a market cap of $3.99 billion, a PE ratio of -15.98, a P/E/G ratio of 0.89 and a beta of 0.89. The business has a fifty day moving average price of $8.31 and a 200 day moving average price of $7.58.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. Newell Brands's revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. Equities analysts predict that Newell Brands Inc. will post 0.66 EPS for the current year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Friday, November 29th. Newell Brands's payout ratio is currently -46.67%.

Insider Activity at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the completion of the sale, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. This represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.58% of the stock is owned by company insiders.

Newell Brands Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.